Sirs.,
The issue and our queries are as follows:
(a) We are merchant exporters(regd with Excise as a dealer of excisable goods) tied up with a manufacturing exporter.
(b) Our customer wants to procure Capital Goods from us under invalidated EPCG Licence.
(c) We want to go in for Advance authorization for procuring raw materials against the invalidated EPCg licence.
(d) The customer wishes to go in for TED refund themselves.
(e) What sort of documentation we need to undertake?
Our plan is as follows:
(a) Our supporting manufacturer will raise ED paid invoice on us.
(b) In turn , we can take credit and raise an ED paid invoice on our buyer.(based on our regn with C.Ex as a dealer of excisable goods)
(c) Issue disclaimer Cert to our buyer.
(e) They can proceed for TED refund...
Is the above process correct.
CAclubindia
